ING Predicts Bank of Japan to Raise Rates 25 Basis Points in June, Citing Strong Export Data

GateNews
According to ING economists, Japan's economy is demonstrating resilience, with stronger-than-expected exports and stable machinery orders supporting expectations for a rate hike by the Bank of Japan in June. Economist Min Joo Kang noted that hawkish remarks from BoJ Policy Board member Junko Koeda have intensified tightening expectations. ING forecasts the BoJ will raise rates by 25 basis points in June, citing robust activity data, persistent inflation pressure, and increasing divisions within the policy committee.
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